Techmeme
August 19, 2022, 9:30 AM

Top News

James Vincent / The Verge:
Sources: Crypto.com has quietly let go of hundreds more employees since announcing it was laying off around 260 employees, or 5% of its workforce, in June  —  As the market slumps, Crypto.com is trying to hide the pain  —  In June, cryptocurrency exchange Crypto.com announced …
Meghan Bobrowsky / Wall Street Journal:
Sources: Evan Spiegel told staff that Snap is stopping future development of its Pixy flying selfie camera as part of a broader reprioritization of resources  —  Move comes after company reported disappointing earnings and less than four months after the drone was launched
Todd Spangler / Variety:
Nielsen: in July, streaming topped both cable and broadcast for the first time in the US, with a 34.8% share; Netflix had an 8% share, and YouTube had 7.3%  —  Americans now watch more stuff on TV from streaming services than either broadcast or cable TV.  —  Streaming platforms …
Richard Nieva / Forbes:
Report: TikTok's in-app browser injects JavaScript that can track users' keystrokes and taps into websites; TikTok confirms the code but says it's for debugging  —  When TikTok users enter a website through a link on the app, TikTok inserts code that can monitor much of their activity …
Aisha Malik / TechCrunch:
TikTok introduces “Shopping Ads”, letting brands place shoppable videos on the For You page, promote catalog listings, and direct users to live shopping events  —  TikTok announced today that it's launching a new commerce ad suite called “Shopping Ads” to make it easier for brands to advertise on the platform.
Jess Weatherbed / The Verge:
Google plans to prioritize “content made specifically by and for people” in Search in English globally, covering shopping, tech-related content, and more  —  The first update starts rolling out on Monday  —  Google is making a series of updates to Search that aim to tackle clickbait …
Jessica Lyons Hardcastle / The Register:
Google Cloud blocked a 46M requests-per-second DDoS attack on June 1, the largest ever and around 76% bigger than the attack Cloudflare thwarted in June  —  46 million requests per second network flood comes as attacks increase by more than 200% compared to last year
Josh Horwitz / Reuters:
Xiaomi misses with Q2 revenue of $10.31B, down 20% YoY, and net income of $305M, down 67%; smartphone sales, which generate 50%+ of its revenue, were down 29%  —  China's Xiaomi Corp (1810.HK) posted a steep drop in second quarter revenue on Friday as the world's biggest smartphone market shrank, hit by strict COVID restrictions.
More: Bloomberg
Olga Kharif / Bloomberg:
Ethereum's core developers have set September 15 as the tentative date for the long-awaited proof-of-stake Merge upgrade  —  The core developers working on the much-anticipated software upgrade of the Ethereum blockchain firmed up Sept. 15 as the likely official date of the so-called Merge.
More: WiredTweets: @olgakharif, @crypto, @crypto, @crypto, @crypto, and @crypto

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Earlier Picks

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